In this article, we discuss the 5 best Jim Cramer stocks to buy today. If you want to read our detailed analysis of Jim Cramer’s investment philosophy, go directly to read the 10 Best Jim Cramer Stocks To Buy Today.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, we like undervalued, EBITDA-positive growth stocks, so we are checking out stock pitches like this emerging biotech stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now, let’s take a look at the 5 best Jim Cramer stocks to buy today:
5. Morgan Stanley (NYSE:MS)
Number of Hedge Fund Holders: 69
Morgan Stanley (NYSE:MS) is an American investment banking company that also offers financial services to its consumers. The company stands fifth on our list of the best Jim Cramer stocks to buy today.
Jim Cramer appreciated the wealth advisory service of Morgan Stanley (NYSE:MS) and listed it as one of his best stock picks recently. In Q2 2021, the firm posted an EPS of $1.89, beating the estimates by $0.23. Morgan Stanley (NYSE:MS) reported revenue of $14.8 billion, showcasing an 8.3% growth from the prior-year quarter. On July 15, the firm increased its quarterly dividend by 100% to $0.70, yielding 3%. In October, Jefferies Financial Group lifted its price target on Morgan Stanley (NYSE:MS) to $119, while keeping a ‘Buy’ rating on the shares. Since the beginning of the year, the stock delivered a 46.4% return to shareholders, while it gained 97.16% in the past year.
As of Q2 2021, 69 hedge funds tracked by Insider Monkey have positions in Morgan Stanley (NYSE:MS), compared with 79 in the previous quarter. These stakes are valued at $$5.34 billion. Eagle Capital Management is the company’s leading shareholder, with shares worth $1.4 billion.
ClearBridge Investments mentioned Morgan Stanley (NYSE:MS) in its Q2 2021 investor letter. Here is what the firm has to say:
“The Strategy also benefited from strong showings from financials holdings such as recent addition Morgan Stanley, a leading bank holding company offering a variety of financial services worldwide, and one of the largest broker-dealers, investment banks and wealth managers in the U.S. Morgan Stanley has been a leader in helping direct capital to address global sustainability challenges. Its sustainability efforts include capital markets actions such as issuing green bonds and it was early in its support for sustainability in investing and its concern for the environment. Morgan Stanley reported a great quarter with record revenues and strength across the businesses as it works to integrate and find synergies with recent acquisition E*TRADE. Following stress tests for banks, Morgan Stanley increased its dividend and share repurchase plan more than expected.”
